Trump’s New Venezuelan Oil Deal: Big Numbers, Big Debate


President Trump and Venezuelan President Delcy Rodriguez

A 100‑year license that hands over Venezuela’s biggest oil fields to a U.S.‑led company has sparked cheers in Washington, but also huge backlash across Caracas.


The Deal in a Nutshell



  • 65 billion barrels: over a fifth of Venezuela’s proven reserves

  • 100‑year concession to North American Blue Energy Partners (Nabep)

  • U.S. government gets veto power on board appointments; 50% of board seats must be U.S. citizens

  • Projected $100 bn investment and $200 bn tax revenue for Venezuela


Why Opponents Are Shouting


Venezuelan opposition, socialists and critics accuse the contract of handing Venezuelan wealth to a foreign power under a one‑sided agreement. They claim it revives colonial‑style control and removes political accountability.


What Might Happen?


Energy analysts warn that rebuilding Venezuela’s oil output could take a decade and might require $100 bn in infrastructure spending. The U.S. sees the partnership as shifting energy focus away from the Middle East.


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